Fiduciary Trust International Celebrates 90 Years of Delivering Peace of Mind by Simplifying Complex Financial Lives

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, proudly commemorates the 90^th anniversary of its founding. Since its establishment in 1931 by families for families, the firm has worked closely with individuals, families, and institutions to build and manage personalized investment portfolios, and develop estate plans that extend wealth to future generations.

“While a great deal has changed across the country, and the world, over the past 90 years, the extraordinary accessibility, transparency, and loyalty that define our client relationships have not,” said John M. Dowd, chief executive officer of Fiduciary Trust International. “As we look back on our nine decades of dedication to bringing financial peace of mind to clients and their families, our ongoing investment in resources, reach, innovation, and people places us in a very strong position to continue simplifying the complex financial lives of those we have the privilege to serve.”

Fiduciary Trust International remains focused on leveraging innovative technology to strengthen relationships, and the overall wealth management experience for clients. The firm will continue rolling out wealth planning tools designed to give clients a clear view of their current financial health, and the pathway leading to long-term success.

“It’s imperative to have sound investment advice to be able to navigate the multitude of factors impacting investors today—such as ever-changing tax regulations at home and abroad, and shifting personal and professional priorities in light of COVID-19,” said Jenny Johnson, chief executive officer of Franklin Templeton. “Just as we have done throughout our history, Fiduciary Trust International will draw on expertise and experience to stay one step ahead of these trends with the goal of delivering maximum benefit to clients and their families.”

Fiduciary Trust International officially opened its doors on June 3, 1931 on the 30^th floor of One Wall Street in New York City. Although the Great Depression weighed heavily on the American economy, the firm had attracted clients in 30 states and 12 countries by the end of 1935, solidifying its position as a new leader in wealth management. Fiduciary Trust International has accumulated many noteworthy achievements in the decades since, including:

• Becoming one of the early adopters of computer systems, having put its first computer system—providing portfolio managers with daily account summaries and allowing the firm to keep up with growing demand for its services—into operation in 1959.
• Opening its first international office in London to provide research on non-US companies and a wholly-owned subsidiary in Geneva in the 1960s, when assets under management reached $1 billion.
• Being named one of three advisors to the United Nations Joint Staff Pension Fund, in recognition of Fiduciary Trust International’s strong cross-border capabilities, in 1996.
• Appointing Anne Tatlock as CEO in 1999, at a time when there were only a few women CEOs.
• Becoming a wholly-owned subsidiary of Franklin Templeton, one of the largest global investment managers, in April 2001.

To learn more about the world-class investment management, wealth advisory, and trust and estate administration service offering which Fiduciary Trust International has built during its first 90 years, please visit https://www.fiduciarytrust.com.

About Fiduciary Trust International

Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $94 billion in assets under management and administration as of March 31, 2021, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, and Arlington, VA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and Twitter: @FiduciaryTrust.

About Franklin Templeton

Franklin Resources, Inc. [NYSE: BEN], is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.4 trillion in assets under management as of April 30, 2021. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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